MazeBits Update 7/1/2018.
Hello everyone,
Today we are going to talk about how we intend to move forward.
We started out as a ICO with Bitfinite in December we have since faced several challenges.
Our outsourced developers kept pushing the deadlines back, bitconnect exited, you could say the past months have been eventful.
The Mazebits team has spared no effort in doing eveything we can to recover from the past, and ensure that our project stays on course to being successful.
Phase 1 conversion has proceeded smoothly.
We have seen a gradual & sustained in price increase of MZBC from around $0.50 cents to $2.00 USD.
We have seen some confidence and believe faith is slowly being restored to some of our investors, who have probably been in several of these platforms, some have already left us unfortunately.
We wanted to wait with Phase Two until demand was satisfactory, and the price stability was stable enough, MZBC has almost reached two dollars at the time of this announcement.
Phase Two ICO conversion, holders of BFC converting at a @ 1:1 Ratio.
Phase Two should start on the 07/05/2018
A detailed instruction guide on how the PHASE 2 conversion will release before launch.
To redeem your Phase Two tokens you have to follow a Two Step process:
Step One: Involves transfering 80% of your ICO BFC to MZBC to convert at the 1:1 Ratio.
This is the most difficult process in our rebranding as this requires manual auditing of the conversion request.
For ease of approval, members are to follow instructions and put in correct data.
Failure to do this would mean either having your ICO conversion being rejected or delayed for approval.
We have hired more people to ensure this moves faster and we expect to conclude the approvals in two to three weeks.
Step Two:
This involves the gradual transfer of converted ICO MZBC to the Main MZBC Wallet.
At this point users will have full control of the percentage released.
We will gradually increase the percentage, based on demand untill we are at a 100%.
Also, we have considered allowing users to create liquidity assets with their PHASE 2 ICO MZBC balance.
We are currently developing a method to do this and we will implement it in some shape or way ASAP.
Our MazeCannon Game is fully developed and will deploy when it's ready.
We have also made a PROMOTIONAL CODE for users to use at launch.
More details on the MazeCannon Game will come in a separate announcement.
We have also been met with some unfortunate security challenges resulting in loss of MZBC/BTC to some malicious hackers.
To solve this, we implemented Login authentication for every session and email confirmation for every withdrawal.
These additions should completely prevent unauthorized access to user accounts.
We also implore members to make sure that their registered emails are highly secured.
Furthermore, our Maze Roulette is almost completed and Sports Betting is also in development.
External exchange listing/addition to CMC will follow after the PHASE 2 ICO conversion has completed.
All users who still hold BFC on bitfinite.co are advised to withdraw to mazebits.co.
The website will be TAKEN DOWN after the 14/07/2018 which will result in LOSS OF BFC if you still have funds on bitfinite.co.
All users with BTC on bitfinite.co should send an email to [email protected] stating their username, BTC balance & BTC address to receive their funds.
Thank you for your continued support, 2018 is looking bright for Mazebits.
Kind Regards,
The Mazebits Team.
